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New words:
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Removed:
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Filing tables
Filing exhibits
- 10-K Annual report
- 4 Exhibit 4(A)-5
- 4 Exhibit 4(G)
- 12 Exhibit 12(A)
- 12 Exhibit 12(B)
- 12 Exhibit 12(C)
- 21 Exhibit 21(A)
- 21 Exhibit 21(B)
- 23 Exhibit 23(A)
- 23 Exhibit 23(B)
- 23 Exhibit 23(C)
- 24 Exhibit 24
- 31 Exhibit 31(A)
- 31 Exhibit 31(B)
- 31 Exhibit 31(C)
- 31 Exhibit 31(D)
- 31 Exhibit 31(E)
- 31 Exhibit 31(F)
- 32 Exhibit 32(A)
- 32 Exhibit 32(B)
- 32 Exhibit 32(C)
- 32 Exhibit 32(D)
- 32 Exhibit 32(E)
- 32 Exhibit 32(F)
- 99 Exhibit 99(A)
- Download Excel data file
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Exhibit 12(c) | ||||||||||||||||||||
PPL ELECTRIC UTILITIES CORPORATION AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS (Millions of Dollars) | ||||||||||||||||||||
2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
Earnings, as defined: | ||||||||||||||||||||
Income Before Income Taxes | $ | 221 | $ | 278 | $ | 246 | $ | 298 | $ | 216 | ||||||||||
Total fixed charges as below | 121 | 114 | 143 | 159 | 190 | |||||||||||||||
Less interest component of AFUDC | 2 | 2 | 3 | 1 | ||||||||||||||||
Total fixed charges included in Income Before Income Taxes | 119 | 112 | 140 | 158 | 190 | |||||||||||||||
Total earnings | $ | 340 | 390 | $ | 386 | $ | 456 | $ | 406 | |||||||||||
Fixed charges, as defined: | ||||||||||||||||||||
Interest on long-term debt | $ | 105 | 94 | $ | 109 | $ | 131 | $ | 151 | |||||||||||
Interest on short-term debt and other interest | 9 | 13 | 23 | 13 | 22 | |||||||||||||||
Amortization of debt discount, expense and premium - net | 6 | 6 | 7 | 8 | 9 | |||||||||||||||
Estimated interest component of operating rentals | 1 | 1 | 4 | 7 | 8 | |||||||||||||||
Total fixed charges (a) | $ | 121 | $ | 114 | $ | 143 | $ | 159 | $ | 190 | ||||||||||
Ratio of earnings to fixed charges | 2.8 | 3.4 | 2.7 | 2.9 | 2.1 | |||||||||||||||
Preferred stock dividend requirements on a pre-tax basis | $ | 28 | $ | 28 | $ | 27 | $ | 24 | $ | 4 | ||||||||||
Fixed charges, as above | 121 | 114 | 143 | 159 | 190 | |||||||||||||||
Total fixed charges and preferred stock dividends | $ | 149 | $ | 142 | $ | 170 | $ | 183 | $ | 194 | ||||||||||
Ratio of earnings to combined fixed charges and preferred stock dividends | 2.3 | 2.7 | 2.3 | 2.5 | 2.1 |
(a) | Interest on unrecognized tax benefits is not included in fixed charges. |